BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) Position Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,530 shares of the company’s stock after buying an additional 1,062 shares during the quarter. Pictet Asset Management Holding SA’s holdings in BJ’s Wholesale Club were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC increased its holdings in shares of BJ’s Wholesale Club by 78.7% in the 4th quarter. Tortoise Investment Management LLC now owns 529 shares of the company’s stock valued at $47,000 after acquiring an additional 233 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in BJ’s Wholesale Club during the third quarter valued at $55,000. UMB Bank n.a. raised its holdings in shares of BJ’s Wholesale Club by 68.2% during the fourth quarter. UMB Bank n.a. now owns 624 shares of the company’s stock worth $56,000 after purchasing an additional 253 shares during the period. Avior Wealth Management LLC lifted its position in shares of BJ’s Wholesale Club by 151.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,168 shares of the company’s stock worth $104,000 after buying an additional 703 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of BJ’s Wholesale Club by 34.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,257 shares of the company’s stock valued at $113,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 98.60% of the company’s stock.

Insider Activity

In other news, Director Robert Allan Steele sold 11,813 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $107.59, for a total transaction of $1,270,960.67. Following the completion of the sale, the director now owns 24,351 shares in the company, valued at approximately $2,619,924.09. This represents a 32.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William C. Werner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $110.41, for a total value of $2,208,200.00. Following the sale, the executive vice president now directly owns 31,308 shares of the company’s stock, valued at approximately $3,456,716.28. This represents a 38.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,005 shares of company stock worth $5,148,708. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

BJ has been the topic of a number of recent research reports. Citigroup raised shares of BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $130.00 in a report on Thursday. Wells Fargo & Company restated an “overweight” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of BJ’s Wholesale Club in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on BJ’s Wholesale Club from $87.00 to $101.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group upped their price target on shares of BJ’s Wholesale Club from $102.00 to $121.00 and gave the stock a “buy” rating in a research report on Monday, March 10th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Moderate Buy” and an average price target of $110.82.

BJ’s Wholesale Club Stock Performance

BJ opened at $115.54 on Friday. The business has a 50 day moving average price of $106.88 and a two-hundred day moving average price of $95.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.76 and a quick ratio of 0.14. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 4.50 and a beta of 0.54. BJ’s Wholesale Club Holdings, Inc. has a 1-year low of $71.81 and a 1-year high of $120.43.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. BJ’s Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.29 billion. Research analysts predict that BJ’s Wholesale Club Holdings, Inc. will post 3.96 EPS for the current fiscal year.

BJ’s Wholesale Club Profile

BJ’s Wholesale Club Holdings, Inc engages in the operation of membership warehouse clubs. Its product categories include grocery, household and pet, television and electronics, furniture, computer and tablets, patio and outdoor living, lawn and garden, baby and kids, toys, home, health and beauty, appliances, and jewelry.